Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):

(4)

Proposed maximum aggregate value of transaction:

(5)

Total fee paid:

¨

Fee paid previously with preliminary materials.

¨

Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify
the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

(1)

Amount Previously Paid:

(2)

Form, Schedule or Registration Statement No.:

(3)

Filing Party:

(4)

Date Filed:

April 30, 2013

Dear Erickson Stockholder:

You are cordially invited to attend this years
annual meeting of stockholders of Erickson Air-Crane Incorporated on Thursday, June 6, 2013, beginning at 2:00 p.m. The meeting will be held at the University Club of Portland, located at 1225 Southwest 6th Avenue, Portland, Oregon. The
meeting will commence with a discussion and voting on the matters set forth in the accompanying Notice of Annual Meeting of Stockholders followed by presentations and a report on our operations.

At the annual meeting, you will be asked to:

1.

elect two Class I directors to hold office until the 2016 annual meeting of stockholders and until their respective successors are elected and qualified;

2.

ratify the selection of Grant Thornton LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2013; and

3.

consider any other business properly presented at the annual meeting or any adjournment or postponement of the meeting.

The Board of Directors recommends that you vote:

FOR the election of the two board-nominated directors; and

FOR the ratification of the selection of Grant Thornton LLP as our independent registered public accounting firm.

The Notice of Annual Meeting of Stockholders and a Proxy Statement, which more fully describes the formal business to be conducted at the
meeting, accompany this letter. A copy of our Annual Report to Stockholders is also enclosed for your information.

Whether or
not you plan to attend the meeting, your vote is very important and we encourage you to vote promptly. After reading the proxy statement, please vote by telephone, by internet, or by marking and your vote on the enclosed proxy card, signing and
dating the proxy card, and returning it to us in the enclosed postage-paid envelope. Instructions regarding all three methods of voting are provided on the proxy card. If you attend the meeting you will, of course, have the right to revoke the proxy
and vote your shares in person.

We look forward to seeing you at the annual meeting.

Sincerely yours,

/S/ UDO RIEDER

UDO RIEDER

President and

Chief Executive Officer

NOTICE OF 2013 ANNUAL MEETING OF STOCKHOLDERS

To Be Held Thursday, June 6, 2013

The 2013 annual meeting of stockholders of Erickson Air-Crane Incorporated, a Delaware corporation, will be held on Thursday, June 6, 2013, beginning at 2:00 p.m., local time, at the University Club
of Portland, located at 1225 Southwest 6th Avenue, Portland, Oregon, for the following purposes:

1.

To elect two Class I directors to hold office until the 2016 annual meeting of stockholders and until their respective successors are elected and qualified;

2.

To ratify the selection of Grant Thornton LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2013; and

3.

To consider any other business properly presented at the annual meeting or any adjournment or postponement of the meeting.

If you were a stockholder of record at the close of business on April 17, 2013, you are entitled to notice of, and to vote at, the
meeting and any adjournment or postponement thereof. At the annual meeting and for ten days prior to the meeting, a complete list of stockholders entitled to vote at the meeting will be available for examination by any stockholder, for any purpose
relating to the meeting, during ordinary business hours at our principal offices located at 5550 SW Macadam Avenue, Suite 200, Portland, Oregon 97239.

By order of the Board of Directors,

/s/ Edward Rizzuti

Edward Rizzuti

Corporate Secretary

April 30, 2013

IMPORTANT: We hope you can join us as the annual meeting. Regardless of whether you plan to attend, please
read the enclosed Proxy Statement and vote by telephone, by internet or by marking your vote on the enclosed proxy card, signing and dating the proxy card, and returning it to us in the enclosed postage-paid envelope. Your vote is important, so
please return your proxy card or vote by telephone or by internet promptly. If you attend the meeting, you may choose to vote in person even if you have previously voted your shares.

If your shares are held through a broker, bank or other holder of record and you wish to vote in
person at the annual meeting, you must obtain a legal proxy issued in your name from your bank, broker or other holder of record.

The Board of Directors of Erickson Air-Crane Incorporated is soliciting your proxy for the 2013 Annual Meeting of Stockholders to be held
on Thursday, June 6, 2013, or any adjournment or postponement thereof, for the purposes set forth in the accompanying Notice of Annual Meeting of Stockholders. This proxy statement and related materials are first being mailed to stockholders on
or about April 30, 2013. References in this proxy statement to the Company, we, our, us and EAC are to Erickson Air-Crane Incorporated, and references to the annual meeting
are to the 2013 Annual Meeting of Stockholders. When we refer to the Companys fiscal year, we mean the annual period ending on December 31. This proxy statement covers our 2012 fiscal year, which was from January 1, 2012 through
December 31, 2012 (fiscal 2012).

SOLICITATION AND VOTING

Record Date

Only
holders of record of common stock at the close of business on April 17, 2013 will be entitled to notice of and to vote at the meeting and any adjournment thereof. As of the record date, 9,728,406 shares of common stock were outstanding and
entitled to vote.

Quorum

A majority of the shares of common stock issued and outstanding as of the record date must be represented at the meeting, either in person or by proxy, to constitute a quorum for the transaction of
business at the meeting. Your shares will be counted towards the quorum only if you submit a valid proxy (or one is submitted on your behalf by your broker or bank) or if you vote in person at the meeting. Abstentions and broker
non-votes (shares held by a broker or nominee that does not have the authority, either express or discretionary, to vote on a particular matter) will each be counted as present for purposes of determining the presence of a quorum.

Vote Required to Adopt Proposals

Each share of our common stock outstanding on the record date is entitled to one vote on each of the two Class I director nominees and one vote on each other matter. For the election of directors, the two
Class I director nominees who receive the highest number of for votes will be elected as directors. You may vote for or withhold with respect to each director nominee. Votes that are withheld will be excluded
entirely from the vote with respect to the nominee from which they are withheld and will have the same effect as an abstention. With respect to each of the other proposals, approval of the proposal requires the affirmative vote of a majority of the
shares present and entitled to vote.

1

Effect of Abstentions and Broker Non-Votes

Shares not present at the meeting and shares voted withhold will have no effect on the election of directors. For each of the
other proposals, abstentions will have the same effect as negative votes. If you are a beneficial owner and hold your shares in street name, it is critical that you cast your vote if you want it to count in the election of directors and
the other proposals. Under the rules governing banks and brokers who are voting with respect to shares held in street name, such banks and brokers have the discretion to vote on routine matters, but not on non-routine matters. Routine matters
include the ratification of auditors. Non-routine matters include the election of directors. Banks and brokers may not vote on these proposals if you do not provide specific voting instructions. Accordingly, we encourage you to vote promptly, even
if you plan to attend the annual meeting. In tabulating the voting results for any particular proposal, shares that constitute broker non-votes are not considered entitled to vote on that proposal.

Voting Instructions

If
you complete and submit your proxy card or voting instructions, the persons named as proxies will follow your instructions. If you are a stockholder of record and you submit a proxy card or voting instructions but do not direct how to vote on each
item, the persons named as proxies will vote as the board recommends on each proposal. If you are a beneficial owner and you return your signed voting instruction form but do not indicate your voting preferences, please see Effect of
Abstentions and Broker Non-Votes regarding whether your broker, bank, or other holder of record may vote your uninstructed shares on a particular proposal.

Vote by Internet. You can vote by internet. The website address for internet voting can be accessed through the website printed on your proxy card or voting instruction form.
You will need to use the control number appearing on your proxy card or voting instruction form. You can use the internet to transmit your voting instructions until 1:00 a.m. Pacific Standard Time on the day of the annual meeting. Internet voting is
available 24 hours a day. If you vote by internet, you do NOT need to vote by telephone or by mail.

Vote by
Telephone. You can vote by telephone by calling the toll-free telephone number appearing on your proxy card or voting instruction form. You will need to use the control number appearing on your proxy card or voting
instruction form. In order to cast your vote telephonically, you may transmit your voting instructions from any touch tone telephone until 1:00 a.m. Pacific Standard Time on the day of the annual meeting. Telephone voting is available 24 hours a
day. If you vote by telephone, you do NOT need to vote by internet or by mail.

Vote by
Mail. You can vote by mail by completing, signing, and dating the proxy card or voting instruction form and returning it in the prepaid return envelope. If you vote by returning a proxy card or voting instruction form, you
do NOT need to vote by internet or by telephone.

Vote in Person at the Annual Meeting. All
stockholders as of the close of business on the record date can vote in person at the annual meeting. You can also be represented by another person at the annual meeting by executing a proper proxy designating that person. Even if you plan to attend
the annual meeting, we recommend that you also vote either by telephone, by internet, or by mail so that your vote will be counted if you later decide not to attend.

EAC is incorporated under Delaware law, which specifically permits electronically transmitted proxies, provided that each such proxy contains or is submitted with information from which the inspectors of
election can determine that such proxy was authorized by the stockholder. The electronic voting procedures provided for the annual meeting are designed to authenticate each stockholder by use of a control number to allow stockholders to vote their
shares and to confirm that their instructions have been properly recorded.

2

If you are a stockholder of record, you may revoke your proxy and change your vote at any
time before the polls close by returning a later-dated proxy card, by voting again by internet or telephone as more fully detailed on your proxy card, or by delivering written instructions to the Corporate Secretary before the annual meeting.
Attendance at the annual meeting will not in and of itself cause your previously voted proxy to be revoked unless you specifically so request or vote again at the annual meeting. If your shares are held by a bank, broker or other agent, you may
change your vote by submitting new voting instructions to your bank, broker or other agent, or, if you have obtained a legal proxy from your bank, broker or other agent giving you the right to vote your shares, by attending the annual meeting and
voting in person.

Solicitation of Proxies

We will bear the entire cost of soliciting proxies. In addition to soliciting stockholders by mail, we will request banks, brokers and other intermediaries holding shares of our common stock beneficially,
owned by others to obtain proxies from the beneficial owners and will reimburse them for their reasonable, out-of-pocket costs. We may use the services of our officers, directors and other employees to solicit proxies, personally or by telephone,
without additional compensation.

Voting Results

We will announce preliminary voting results at the annual meeting. We will report final results in a Form 8-K report filed with the SEC.

3

PROPOSAL NO. 1

ELECTION OF DIRECTORS

We have a classified board of directors currently consisting of two Class I directors, three Class II directors, and two Class III directors, who will serve until the annual meetings of stockholders to be
held in 2013, 2014 and 2015, respectively, and until their respective successors are duly elected and qualified or until their earlier resignation or removal. At each annual meeting of stockholders, directors are elected for a term of three years to
succeed those directors whose terms expire at the annual meeting dates.

The term of the Class I directors will expire on the
date of the upcoming annual meeting. Accordingly, two people are to be elected to serve as Class I directors of our board of directors at the annual meeting. Our board has nominated for election by the stockholders to the Class I positions Udo
Rieder and Gary R. Scott, the current Class I members of our board of directors. If elected, Messrs. Rieder and Scott will serve as Class I directors until our annual meeting of stockholders in 2016 and until their successors are duly elected and
qualified or until their earlier resignation or removal.

Our board of directors has no reason to believe that any of the
nominees listed above will be unable to serve as a director. If, however, any nominee becomes unavailable, the proxies will have discretionary authority to vote for a substitute nominee. There are no family relationships among any of the directors
or executive officers.

The following table sets forth information regarding our current directors and each director nominee,
as of April 17, 2103.

Name

Principal Occupation

Age

DirectorSince

Class I Directors whose terms expire at the 2013 annual meeting:

Udo Rieder

President and CEO Erickson Air-Crane

54

2008

Gary R. Scott

Ret. President Bombardier Comm. Aircraft

62

2012

Class II Directors whose terms expire at the 2014 annual meeting:

Quinn Morgan

Managing Director of Centre Lane Partners

41

2007

Hank Halter

Retired CFO of Delta Airlines

48

2012

Meredith R. Siegfried

CEO of The NORDAM Group

39

2012

Class III Directors whose terms expire at the 2015 annual meeting:

Kenneth Lau

Managing Director of Centre Lane Partners

35

2010

James L. Welch

CEO of YRC Worldwide

58

2012

Director Nominees

Background information on each of Messrs. Rieder and Scott, the two Class I director nominees, appears under Corporate Governance  Our Board of Directors beginning on page 7.

Vote Required and Board Recommendation

If a quorum is present and voting, the two nominees for Class I directors receiving the highest number of votes will be elected as Class I directors. Abstentions, withhold votes and broker
non-votes have no effect on the vote.

Our board of directors unanimously recommends a vote FOR the election of
the two Class I director nominees named above. Unless authority to do so is withheld, the persons named as proxies will vote FOR the election of these two Class I director nominees to hold office as directors until the 2016 annual meeting of
stockholders and until their successors are elected and qualified.

4

CORPORATE GOVERNANCE

Our Board of Directors

The following is brief description of each nominee
who is currently a member of the board of directors and each director of EAC whose term of office will continue after the annual meeting:

Class I Director Nominees for Election at the 2013 Annual Meeting of Stockholders

Udo Rieder has served as our Chief Executive Officer and as a member of our board of directors since March 2008. From
February 2005 to March 2008, Mr. Rieder served as vice president and general manager, parts logistics and services for Bombardier Aerospace Inc. From July 1996 to December 2004, Mr. Rieder worked at Delta Air Lines, Inc., most recently as
vice president, engineering and planning and as vice president, purchasing. From May 1990 until June 1996, Mr. Rieder held various manager positions with American Airlines, Inc., including manager of power plant purchasing and manager of
warranty and repair contracts. From May 1985 until May 1990, Mr. Rieder served as an engineer with Bell Helicopter, Inc. Mr. Rieder holds a BS in Mechanical Engineering from Texas A&M University and also holds an AAS in Business from
Central Texas College. He has served as chairman of the Engineering, Maintenance and Materiel Council of the Air Transport Association and as chairman of the e-Business Committee for the same organization. Mr. Rieder was selected to serve as a
director because he is our Chief Executive Officer, and has extensive knowledge of our business and industry.

Gary R.
Scott has served on our board since April 2012. Mr. Scott recently retired from Bombardier, Inc., where he served as the president of the commercial aircraft unit of Bombardier Aerospace since April 2008. He joined Bombardier in March
2004, serving as president of new commercial aircraft from March 2004 through February 2006 and president of aircraft services and new commercial aircraft from February 2006 through April 2008. From July 2002 to March 2004, Mr. Scott was group
president, civil simulation and training at CAE, Inc. Mr. Scott began his career in aviation with The Boeing Company in 1973, holding the following executive positions: president, flight safety Boeing training international (July 2000 through
July 2002); vice president, business strategy and finance, commercial aviation services (January 1999 through July 2000); vice president and chief operating officer, Boeing enterprises (April 1998 through January 1999); and vice president and
general manager for the 737/757 programs (November 1995 through March 1998). Mr. Scott earned a BA in Business Administration at the University of Washington and an MBA at Seattle University. Mr. Scott has also completed the Executive
Development Program, University of Illinois, as well as the Harvard Business School Advanced Management Program. Mr. Scott has previously served on the board of directors of the Wings Club, Flight Safety Boeing Training International and the
Boeing Employees Credit Union. Mr. Scott was selected as a director because of his experience as the chief executive of a significant business unit of a public aerospace company, and for his general management and financial experience in the
aerospace industry.

Class II Directors Continuing in Office until the 2014 Annual Meeting of Stockholders

Quinn Morgan has served on our board since September 2007 and as our Chairman since January 2010. Mr. Morgan is a
founding member and a managing director of Centre Lane Partners, LLC. Mr. Morgan serves on the boards of directors of several private companies affiliated with Centre Lane. Prior to co-founding the predecessor to Centre Lane Partners and our
largest shareholder in May 2007, Mr. Morgan was a managing director and head of corporate private equity at D. B. Zwirn & Co., L.P., which he joined in January 2005. At D.B. Zwirn & Co. Mr. Morgan had overall
responsibility for the corporate private equity investment program. From 2000 to 2005, Mr. Morgan was employed with Moore Capital Management and its illiquid asset management joint venture, Steelpoint Capital Partners. From 1994 to 2000,
Mr. Morgan was employed with Goldman Sachs & Co. Mr. Morgan holds a BS in Economics from the London School of Economics and Political Science. Mr. Morgan was selected to serve as a director because he is the managing member
of our largest stockholder and has extensive experience in financing, private equity investment, and board service.

5

Hank Halter has served on our board since April 2012. Mr. Halter served
as Senior Vice President and Chief Financial Officer of Delta Air Lines from November 2008 until his retirement in March 2012. Mr. Halter previously served in a variety of finance positions at Delta Air Lines, including as Senior Vice President
and Controller of Delta Air Lines (May 2005 through November 2008); Vice President-Controller (March 2005 through May 2005); Vice President-Assistant Controller (January 2002 through March 2005); Vice President-Finance-Operations (February 2000
through December 2001); and various other finance leadership positions (August 1998 through February 2000). In September 2005, Delta Air Lines filed a petition for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code and emerged
from reorganization under Chapter 11 in April 2007. From June 1993 through August 1998, Mr. Halter held various finance positions at American Airlines in corporate reporting, financial planning, and corporate real estate. Prior to his tenure
with American Airlines, Mr. Halter was a Senior Accountant in the Philadelphia office of Ernst & Young LLP from June 1987 through July 1991. Mr. Halter holds an MBA from Duke University and a BS degree in accountancy from
Villanova University. Mr. Halter is a certified public accountant, a member of the board of directors of the Atlanta Police Foundation and the Delta Community Credit Union. He served as the Interim President & Chief Executive Officer
of Delta Community Credit Union from January 1, 2013 until April 7, 2013 and as its President since April 8, 2013. Since April 2013, Mr. Halter has served as a member of the board of directors of Southern Air, Inc., a U.S. FAA
Part 121 supplemental global air-cargo carrier. Mr. Halter was selected as a director because of his experience as the chief financial officer of Delta Air Lines, and for his general experience with finance and public accounting.

Meredith R. Siegfried has served on our board since April 2012. In June 2011, Ms. Siegfried was appointed chief
executive officer of The NORDAM Group, Inc. She previously served as the chief operating officer of the repair group of The NORDAM Group, responsible for its worldwide maintenance, repair and overhaul operations, from January 2009. Before becoming
COO of the repair group, Ms. Siegfried served in a variety of roles at The NORDAM Group, including vice president of global sales of the repair group (May 2006 through December 2008); vice president, international (February 2002 through April
2006); director, international operations (January 2000 through January 2002); and manager, international operations (February 1999 through December 1999). Ms. Siegfried joined The NORDAM Group from Arthur Andersens global corporate
finance division, where she served as a senior consultant on mergers and acquisitions, seller services, and financial advisory from November 1996 through January 1999. Ms. Siegfried also serves on the board of directors of World Travel
Services, LLC. She is also a member of the Young Presidents Organization and served as chairman of the board of trustees for the Tulsa Airport Authority for seven years through 2010. In 2011, Ms. Siegfried was awarded a Henry Crown
Fellowship, a two-year program sponsored by The Aspen Institute. Ms. Siegfried received a BA in Finance from Notre Dame and an MBA from the University of Chicago. Ms. Siegfried was selected as a director because of her experience in
international sales and manufacturing and maintenance and overhaul operations, as well as her industry, finance, and management experience.

Class III Directors Continuing in Office until the 2015 Annual Meeting of Stockholders

Kenneth Lau has served on our board since January 2010. Mr. Lau is a founding member and a managing director of Centre
Lane Partners, LLC. Mr. Lau also serves on the boards of several private companies affiliated with Centre Lane. Prior to co-founding the predecessor to Centre Lane in May 2007, Mr. Lau was a vice president in the corporate private equity
group of D. B. Zwirn & Co., L.P., which he joined in February 2005. From 2001 to 2005, Mr. Lau was employed with Moore Capital Management and its illiquid asset management joint venture, Steelpoint Capital Partners. From 1999 to 2001,
Mr. Lau was employed with Merrill Lynch. Mr. Lau received a Master of Engineering and two BS degrees from the Massachusetts Institute of Technology. Mr. Lau was selected to serve as a director because he is affiliated with our largest
stockholder and has extensive experience in financing, private equity investment, and board service.

James L.
Welch has served on our board since April 2012. Mr. Welch has served as chief executive officer and a director of YRC Worldwide since July 2011. From October 2008 through July 2011, Mr. Welch served as president and chief executive
officer and a director of Dynamex Inc., a leading provider of same-day

6

transportation services in North America. From October 2007 through September of 2008, Mr. Welch was a consultant and interim chief executive officer of JHT Holdings, Inc., a provider of
truck transportation services. From June 2000 through January 2007, Mr. Welch served as president and chief executive officer of Yellow Transportation, a leading provider of transportation services for industrial, commercial and retail goods.
Mr. Welch joined Yellow Transportation in 1978, where he held various senior management positions prior to his appointment as president and chief executive officer. Mr. Welch received his BS degree in Psychology from West Texas A&M.
Mr. Welch currently serves on the board of directors of SkyWest, Inc. and formerly served on the boards of directors of Spirit AeroSystems Holdings, Inc. and Roadrunner Transportation Services. Mr. Welch was selected as a director because
of his experience as the chief executive of transportation companies, his experience with air transportation, and because of his board experience with other aerospace companies.

Director Independence

Our board of directors has determined that, other
than Mr. Rieder, our President and Chief Executive Officer, and Messrs. Lau and Morgan, each of the current members of the board of directors is an independent director for purposes of the Nasdaq Listing Rules and Rule 10A-3(b)(1)
under the Securities Exchange Act of 1934, as amended, as the term applies to membership on the board of directors and the various committees of the board of directors.

Board Leadership Structure

Our board of directors believes that one of
its most important functions is to protect stockholders interests through independent oversight of management, including the Chief Executive Officer. However, our board of directors does not believe that effective management oversight
necessarily mandates a particular management structure, such as a separation of the role and identities of the Chairman of the Board and Chief Executive Officer. Our board of directors considers it important to retain flexibility to exercise its
judgment as to the most appropriate management structure for EAC, based on the particular circumstances facing EAC from time to time.

Currently, the positions of Chairman of the Board and Chief Executive Officer are held by separate persons because our board of directors has determined that this structure aids in the oversight of
management and is in the best interests of our company and our stockholders at this point in time. Quinn Morgan currently serves as Chairman of the Board. Our board of directors believes that Mr. Morgan is in a unique position to provide
leadership to the board of directors in part because of his affiliation with our largest stockholder and his extensive experience in financing and private equity investment.

Risk Oversight

In its governance role, and particularly in exercising its
duty of care and diligence, our board of directors is responsible for ensuring that appropriate risk management policies and procedures are in place to protect the companys assets and business. While our board of directors has the ultimate
oversight responsibility for the risk management process, our board of directors has delegated to the Audit Committee the initial responsibility of overseeing the companys risk assessment and risk management. In fulfilling its delegated
responsibility, the Audit Committee has directed management to ensure that an approach to risk management is implemented as a part of the day-to-day operations of EAC, and to design internal control systems with a view to identifying and managing
material risks.

On a periodic basis, the Audit Committee reviews and discusses with our management the companys
financial risk and control procedures, compliance programs, and significant tax, legal and regulatory matters. The Audit Committee discusses with management the companys major financial risk exposures and the steps management has taken to
monitor and control such exposures, including a discussion regarding our guidelines and policies governing risk assessment and risk management. The Audit Committee also discusses our risk assessment and risk management policies and reports to the
full board of directors on a regular basis.

7

Executive Sessions

The independent directors meet in executive session regularly and, in any event, at least semi-annually. The independent directors may choose one director annually to preside at all executive sessions,
establish a procedure by which a presiding director will be selected, or otherwise select a presiding director for any particular executive session. The independent directors will select nominees to the board of directors, or recommend nominees for
the boards selection, in executive session in a vote in which only independent directors participate.

Meetings of the Board of
Directors and Committees

Our board of directors held three meetings during 2012. The board of directors has two standing
committees: an Audit Committee and a Compensation Committee. The board of directors does not have a standing nominating committee or a committee performing similar functions. During the last fiscal year, each of our directors attended at least 75%
of the total number of meetings of the board and all of the committees of the board on which such director served during that period, except that Ms. Siegfried attended 67% of the total number of meetings of the board and all of the committees
of the board on which she served during that period.

The following table sets forth the standing committees of the board of
directors and the members of each committee as of the date that this proxy statement was first made available to our stockholders:

Name of Director

Audit

Compensation

Hank Halter

Chair

Gary R. Scott

X

X

Meredith R. Siegfried

X

X

James L. Welch

Chair

Audit Committee

The members of the Audit Committee are Mr. Halter (Chair), Mr. Scott and Ms. Siegfried.Each of the members of the Audit Committee is independent for purposes of the Nasdaq listing
standards as they apply to audit committee members. The board has determined that Mr. Halter qualifies as an audit committee financial expert under the rules of the SEC. The functions of the Audit Committee include retaining our independent
public accounting firm, reviewing its independence, reviewing and approving the planned scope of our annual audit, reviewing and approving any fee arrangements with our independent public accounting firm, overseeing its audit work, reviewing and
pre-approving any non-audit services that may be performed by our independent public accounting firm, reviewing the adequacy of accounting and financial controls, reviewing our critical accounting policies and reviewing and approving any related
party transactions. The Audit Committee held three meetings during 2012. Additional information regarding the Audit Committee is set forth in the Report of the Audit Committee immediately following Proposal No. 2.

Compensation Committee

The members of the Compensation Committee are Mr. Welch (Chair), Mr. Scott and Ms. Siegfried. Each of the members of the
Compensation Committee is independent for purposes of the Nasdaq listing standards as they apply to compensation committee members. The Compensation Committee sets the salary and bonus earned by the Chief Executive Officer, reviews and approves
salary and bonus levels for other executive officers and approves stock option grants to executive officers. The Compensation Committee held three meetings during 2012.

The Compensation Committee may retain outside compensation consulting firms to assist in the evaluation of executive officer and non-employee director compensation, and has the authority to obtain advice
and assistance from internal or external legal, accounting and other consultants.

8

In addition to the compensation committee consultant described above, our management may,
from time to time, retain an outside consultant for assistance and guidance in the formulation of new compensation programs and the modification of existing compensation programs. For 2012, our management retained Mercer (US) Inc. as its outside
consultant to assist in determining or recommending the amount or form of executive compensation. The Compensation Committee has assessed Mercers retention and concluded that Mercers work for EAC does not raise any conflict of interest
under applicable SEC rules.

Our CEO makes a recommendation to the Compensation Committee on the base salary, annual incentive
cash targets, and equity awards for each executive officer other than himself, based on his assessment of each executive officers performance during the year and the CEOs review of compensation data gathered from compensation surveys.

Director Nominations

Our board of directors has decided that the full board should oversee our nominating and corporate governance processes. It made that decision because the board believes that selecting new director
nominees is one of the most important responsibilities the board members have to our stockholders, and for that reason, all of the members of the board should have the right and responsibility to participate in the selection process. However, only
independent directors vote on matters related to the identification, selection, qualification, and recommendation of director candidates.

Our board of directors considers nominees recommended by directors, officers, employees, stockholders, and others based upon each candidates qualifications, including whether a candidate possesses
any of the specific qualities and skills desirable in members of our board of directors. Nominees for our board of directors must be committed to enhancing long-term stockholder value and possess a high level of personal and professional ethics,
sound business judgment, appropriate experience and achievements, personal character and integrity. Members of our board of directors are expected to understand our business and the industry in which we operate, regularly attend meetings of our
board of directors and committee meetings, participate in meetings and decision making processes in an objective and constructive manner and be available to advise our officers and management. Evaluations of candidates generally involve a review of
background materials, internal discussions, and interviews with selected candidates, as appropriate. The board of directors may engage consultants or third-party search firms to assist in identifying and evaluating potential nominees.

The board of directors does not have a formal policy regarding the consideration of diversity in identifying nominees for directors. Once
the board of directors has confirmed that an individual meets the general qualifications for a director, and has further determined that such individual is appropriately qualified to serve on our board of directors, the board then considers the
extent to which the membership of the candidate on our board of directors would promote a diversity of perspectives, backgrounds and experiences among the directors, including expertise and experience in a diversity of substantive matters pertaining
to our business. However, our board of directors does not believe the subjective and varying nature of this nomination process lend itself to a formal policy or fixed rules with respect to the diversity of our board of directors.

The board of directors will consider director candidates recommended by stockholders. The board will evaluate director candidates in
light of several factors, including the general criteria set forth above. Stockholders who wish to recommend individuals for consideration by the board of directors to become nominees for election to our board of directors at an annual meeting of
stockholders must do so in accordance with the procedures set forth in Stockholder Proposals to be Presented at the 2014 Annual Meeting of Stockholders section of this proxy statement and in compliance with our bylaws. Each submission
must set forth: the name and address of the stockholder on whose behalf the submission is made; the number of our shares that are owned beneficially by such stockholder as of the date of the submission and the time period for which such shares have
been held; the derivative securities interests owned beneficially by such stockholder as of the date of the submission; a statement from the record holder of the shares and derivative securities interests verifying the holdings; the full

9

name of the proposed candidate; a description of the proposed candidates business experience for at least the previous five years; complete biographical information for the proposed
candidate; a description of the proposed candidates qualifications as a director; and any other information described in our bylaws, including upon request, a statement whether the proposed candidate, if elected, intends to tender, promptly
following such persons election or re-election, an irrevocable resignation effective upon the persons failure to receive the required vote for re-election at the next annual meeting of stockholders and upon acceptance of the resignation
by the board of directors, in accordance with the boards policy on director elections.

In accordance with our bylaws,
if none of the stockholders provides notice of an intention to nominate one or more candidates to compete with the boards nominees in a director election, or if any stockholder nomination is withdrawn by the tenth day before we send our notice
of meeting to the stockholders, a nominee for director must receive more votes cast for than against his or her election or re-election. The board of directors will nominate for election or re-election as directors only candidates who agree to
tender, promptly following the annual meeting at which they are elected or re-elected as directors, irrevocable resignations that will be effective upon (1) the failure to receive the required vote at the next annual meeting of stockholders and
(2) board acceptance of the resignation. In addition, the board of directors will fill director vacancies, including vacancies occurring as the result of an increase in the number of directors, only with candidates who agree to tender, promptly
following appointment to the board of directors, the same form of resignation tendered by other directors in accordance with this policy.

If an incumbent director fails to receive the required vote for re-election, the board of directors will act on an expedited basis to determine whether to accept the directors resignation. The board
of directors expects the director whose resignation is under consideration to abstain from participating in any decision regarding that resignation. The board of directors may consider any factors it deems relevant in deciding whether to accept a
directors resignation.

Communications with Directors

Individuals may communicate with the board of directors by contacting:

Corporate
Secretary

5550 SW Macadam Avenue, Suite 200

Portland, Oregon 97239

Our Corporate Secretary will forward all appropriate
correspondence to the board of directors, except for items that are unrelated to the boards duties, such as spam, junk mail, mass mailings, solicitations, resumes and job inquiries, and patently offensive or otherwise inappropriate material.

Director Attendance at Annual Meetings

We attempt to schedule our annual meeting of stockholders at a time and date to accommodate attendance by directors taking into account the directors schedules. All directors are encouraged to
attend our annual meeting of stockholders.

Committee Charters and Other Corporate Governance Materials

We have adopted a Code of Business Conduct and Ethics, or the Code, that applies to all of our employees, officers and directors. The
Code is available on our website at www.ericksonaircrane.com. Any substantive amendment to or waiver of any provision of the Code may be made only by the board of directors, and will be disclosed on our website as well as via any other means then
required by Nasdaq listing standards or applicable law.

10

Our board of directors has adopted a written charter for each of the Audit Committee and the
Compensation Committee. Each charter is available on our website at www.ericksonaircrane.com.

Corporate Governance Guidelines

We have adopted Corporate Governance Guidelines that address the composition of the board, criteria for board membership
and other board governance matters. These guidelines are available on our website at www.ericksonaircrane.com.

Executive Officers

We designate persons serving in the following positions as our executive officers: our chief executive
officer, our chief financial officer, and our vice presidents who are in charge of a principal unit of our business, or perform a policy-making function for us. The following table sets forth information regarding our executive officers as of
April 17, 2103.

Charles Ryan has served as our Senior Vice President and Chief
Financial Officer since January 2009. From August 2005 until December 2008, Mr. Ryan served as Chief Financial Officer and Treasurer of Latham International Inc. In December 2009, Latham International Inc. filed a petition for voluntary
reorganization under Chapter 11 of the U.S. Bankruptcy Code and emerged from reorganization under Chapter 11 in January 2010. From January 2002 until August 2005, Mr. Ryan served as Chief Financial Officer of SSG Precision Optronics, Inc. From
July 1999 until December 2001, Mr. Ryan served as Group Vice President and Chief Financial Officer of the seating products group of B/E Aerospace Inc. From January 1995 until July 1999, Mr. Ryan served in various positions in General
Electrics subsidiary GE Aircraft Engines, most recently as a Finance Officer in component repair and manufacturing operations. From July 1986 until January 1995, Mr. Ryan worked at Textron Inc. and its successor entity Allied
Signal-Honeywell, most recently as a Group Controller in the Military Engines and Engineering Development Group. From June 1979 until July 1986, Mr. Ryan worked at Howmet Corporation in various financial controlling positions. Mr. Ryan
started his career in May 1978 at Olin Corporation in the financial management development program and internal audit group. Mr. Ryan holds an MBA from the University of New Haven and a BS in Accounting from Quinnipiac University and is a
licensed CPA in the state of Massachusetts and a current member of the American Institute of Certified Public Accountants.

H.E. Mac McClaren has served as our Vice President and Head of Aerial Services since January 2009. From July
2006 until December 2008, Mr. McClaren served as the Vice President and Program Manager of the V-22 Osprey Program and prior to that as the Vice President of H-1 Upgrades, Eagle Eye, and Presidential Helicopter Programs at Bell Helicopter Inc.
From June 2003 until July 2006, Mr. McClaren worked as Capture Team Leader for the CH-53K program at Sikorsky Aircraft Corporation. From August 1975 until June 2003, Mr. McClaren served in the U.S. Marine Corps, including duty as head of
the Expeditionary Aviation Working Group, Operations Officer for the 1st Marine Division, Commanding Officer of Marine Light Attack Helicopter Squadron 369, as well as various other positions. His personal awards include the Legion of Merit,
Meritorious

11

Service Medal, Air Medal, Navy Commendation Medal, and Navy Achievement Medal. Mr. McClaren retired from the Marine Corps at the rank of Colonel. Mr. McClaren is a graduate of the U.S.
Army War College at Carlisle, Pennsylvania and holds a BS from the University of North Carolina.

Gary
Zamieroski has served as our Vice President and Chief Marketing Officer since March 2012. Mr. Zamieroski has over 27 years of experience in the aerospace industry. From January 2010 through July 2011, Mr. Zamieroski served as Vice
President, Marketing, Sales, and Strategy for Meggitt Safety Systems/Equipment Group. From September 2008 through December 2009, Mr. Zamieroski founded Aviation Associates International, a private consulting firm. From April 2007 through
September 2008, Mr. Zamieroski was Vice President, Business Development and Strategy at HRTextron/Textron Systems. From November 2005 to November 2006, Mr. Zamieroski served as VP/Director, Marketing and Sales at MTU Maintenance in
Hannover, Germany. Between February 1998 and November 2005, Mr. Zamieroski held leadership roles in Sales, Marketing, Strategy, and Service at Honeywell International. From October 1994 through February 1998, Mr. Zamieroski was Director of
Sales for Airbus North America. From August 1985 through October 1994, Mr. Zamieroski held a variety of positions with GE Aircraft Engines and GE International, including postings in Australia, Indonesia, and Mexico. Mr. Zamieroski earned
a Masters Degree from the School of International Service at American University, a post-graduate certificate in Legislative Studies from Georgetown University, and a BS in Aerospace from the School of Technology at Kent State University. In
addition, he has completed MBA coursework at the College of William and Mary, Seattle Pacific University, and the University of Dayton.

Edward Rizzuti joined Erickson in August 2010 and has served as our Vice President, General Counsel and Corporate Secretary since November 2011. Prior to joining Erickson, from August 2006
to August 2010, Mr. Rizzuti worked for NACCO Materials Handling Group, Inc., most recently serving as Associate General Counsel. From January 2004 to July 2006, Mr. Rizzuti served as Legal Counsel for Terex Corporation. Prior to his
employment with Terex, Mr. Rizzuti worked as a lawyer with Mintz Levin Cohn Ferris Glovsky and Popeo PC from September 1999 to July 2003, focusing in the area of private equity and corporate transactional work. From September 1998 to September
1999 Mr. Rizzuti worked as a lawyer with Clifford Chance LLP. Mr. Rizzuti received his JD from New York University School of Law and holds a BS in civil engineering from Rutgers University.

12

PROPOSAL NO. 2

RATIFICATION OF SELECTION OF INDEPENDENT

PUBLIC ACCOUNTING FIRM

The Audit Committee of our board of directors has
selected Grant Thornton LLP to serve as our independent public accounting firm to audit the consolidated financial statements of Erickson Air-Crane Incorporated for the fiscal year ending December 31, 2013. Grant Thornton has acted in such
capacity since its appointment in fiscal 2007. A representative of Grant Thornton is expected to be present at the annual meeting, with the opportunity to make a statement if the representative desires to do so, and is expected to be available to
respond to appropriate questions.

Stockholder ratification of the selection of Grant Thornton as our independent public
accounting firm is not required by our bylaws or otherwise. However, the board of directors is submitting the selection of Grant Thornton to the stockholders for ratification as a matter of good corporate governance practice. If the stockholders
fail to ratify the selection, the Audit Committee will reconsider whether or not to retain that firm. Even if the selection is ratified, the Audit Committee at its discretion may direct the selection of a different independent public accounting firm
at any time during the year if it determines that such a change would be in the best interests of EAC and our stockholders.

Fees for
Professional Services

The following table sets forth the aggregate fees billed to us for the fiscal years ended
December 31, 2012 and 2011 by Grant Thornton:

Fiscal
2012($)

Fiscal
2011($)

Audit fees (1)

419,761

359,348

Audit-related fees (2)





Tax fees (3)





All other fees (4)





(1)

Audit fees consist of fees billed for professional services rendered for the audit of our consolidated annual financial statements, the review of the interim
consolidated financial statements included in quarterly reports and services that are normally provided by Grant Thornton in connection with statutory and regulatory filings or engagements, consultations in connection with acquisitions and issuances
of auditor consents and comfort letters in connection with SEC registration statements and related SEC and non-SEC securities offerings.

(2)

Audit-related fees consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of our consolidated
financial statements and are not reported under Audit fees.

(3)

Tax fees consist of fees billed for professional services rendered for tax compliance, tax advice and tax planning (domestic and international). These services include
assistance regarding federal, state and international tax compliance, acquisitions and international tax planning.

(4)

All other fees consist of fees for products and services other than the services reported above.

None of the services related to audit-related fees, tax fees or all other fees described above was approved by the Audit Committee
pursuant to the waiver of pre-approval provisions set forth in applicable rules of the SEC. The Audit Committees policy is to pre-approve all audit and permissible non-audit services provided by our independent public accounting firm. These
services may include audit services, audit-related services, tax services and other services. Pre-approval is generally provided for up to one year and any pre-approval is detailed as to the particular service or category of services. The
independent public accounting firm

13

and management are required to periodically report to the Audit Committee regarding the extent of services provided by the independent public accounting firm in accordance with this pre-approval.

Vote Required and Board of Directors Recommendation

Approval of this proposal requires the affirmative vote of a majority of the votes cast affirmatively or negatively on the proposal at the annual meeting, as well as the presence of a quorum representing
a majority of all outstanding shares of our common stock, either in person or by proxy. Abstentions and broker non-votes will each be counted as present for purposes of determining the presence of a quorum but will not have any effect on the outcome
of the proposal.

Our board of directors unanimously recommends a vote FOR the ratification of the selection of
Grant Thornton LLP as our independent public accounting firm for the fiscal year ending December 31, 2013.

14

REPORT OF THE AUDIT COMMITTEE

The Audit Committee currently consists of three directors, each of whom, in the judgment of the board of directors, is an
independent director as defined in the listing standards for the Nasdaq Stock Market. The Audit Committee acts pursuant to a written charter that has been adopted by the board of directors. A copy of the charter is available on
EACs website at www.ericksonaircrane.com.

The Audit Committee oversees EACs financial reporting process on behalf
of the board of directors. The Audit Committee is responsible for retaining EACs independent public accounting firm, evaluating its independence, qualifications and performance, and approving in advance the engagement of the independent public
accounting firm for all audit and non-audit services. Management has the primary responsibility for the financial statements and the financial reporting process, including internal control systems, and procedures designed to ensure compliance with
applicable laws and regulations. Our independent public accounting firm, Grant Thornton LLP, is responsible for expressing an opinion as to the conformity of our audited financial statements with generally accepted accounting principles.

The Audit Committee has reviewed and discussed EACs audited financial statements with management. The Audit Committee has discussed
with the independent public accounting firm the matters required to be discussed by the Statement on Auditing Standards No. 61, as amended (AICPA, Professional Standards, Vol. 1, AU Section 380), as adopted by the Public Company
Accounting Oversight Board in Rule 3200T. In addition, the Audit Committee has met with the independent public accounting firm, with and without management present, to discuss the overall scope of the independent registered public accounting
firms audit, the results of its examinations, its evaluations of EACs internal controls and the overall quality of EACs financial reporting.

The Audit Committee has received the written disclosures and the letter from the independent public accounting firm required by applicable requirements of the Public Company Accounting Oversight Board
regarding the independent public accounting firms communications with the Audit Committee concerning independence and has discussed with the independent registered public accounting firm its independence.

Based on the review and discussions referred to above, the Audit Committee recommended to EACs board of directors that EACs
audited financial statements be included in EACs Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

AUDIT COMMITTEE

Hank Halter, Chair

Gary R. Scott

Meredith R. Siegfried

Pursuant to the Instruction to Item 407(d), the foregoing Report of the Audit Committee
shall not be deemed to be soliciting material or to be filed with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or the
Securities Exchange Act of 1934, except to the extent that EAC specifically incorporates such information by reference in such filing.

15

EXECUTIVE COMPENSATION

Summary Compensation Table

The following table sets forth information
concerning the compensation of our principal executive officer, our principal financial officer and each of our next three most highly-compensated executive officers during 2012. We refer to these persons as our named executive officers.

Mr. Zamieroski commenced employment with us on March 5, 2012. His compensation for 2012 reflects the partial year of employment. Mr. Zamieroski also
received a reimbursement of relocation expenses in the amount of $38,995.

(5)

Mr. Rizzuti commenced employment with us on August 13, 2010. His compensation for 2010 reflects the partial year of employment. Mr. Rizzuti received a
signing bonus of $15,000 relating to his hire. The bonus was paid in 2011 after the completion of the audit of our financial statements for 2010.

Employment Agreements

We have entered into employment agreements with
each of Messrs. Rieder, Ryan, McClaren and Rizzuti providing for the payment of an annual base salary and non-equity incentive plan payment opportunities, as well as participation by each of them in the benefit plans and programs generally
maintained by us for senior executives from time to time. We have not entered into an employment agreement with Mr. Zamieroski.

We or the employee may terminate the applicable employment agreement at any time. Upon termination of employment by us without cause, by the executive for good reason following a
change in

16

control, or as a result of the executives death or disability, the executive is entitled to receive: (1) a basic termination payment equal to (i) the executives base
salary earned through the date of termination, plus (ii) continued payment of the executives base salary for a specified time following the termination date; and (2) continuation of health benefits for a specified period of time
after termination of employment at the same rate that was paid by the executive before termination of employment.

Summaries
of the specific severance payments and continuation periods for health benefits for the named executive officers are provided below:

¡

Mr. Rieder is entitled to receive: (i) a monthly sum equal to his monthly base salary in effect at such time for a period of 12 months
and (ii) continuation of health benefits for Mr. Rieder and his family for that same period.

¡

Mr. Ryan is entitled to receive: (i) a monthly sum equal to his monthly base salary in effect at such time for a period of 12 months and
(ii) continuation of health benefits for Mr. Ryan and his family for that same period.

¡

Mr. McClaren is entitled to receive: (i) a monthly sum equal to his monthly base salary in effect at such time for a period of nine months
and (ii) continuation of health benefits for Mr. McClaren and his family for that same period.

¡

Mr. Rizzuti is entitled to receive: (i) a monthly sum equal to his monthly base salary in effect at such time for a period of nine months and
(ii) continuation of health benefits for Mr. Rizzuti and his family for that same period.

The
employment agreements each contain confidentiality, non-compete, and non-solicitation provisions, and subject the payment of severance benefits to the executive executing a general release of all claims against us and our affiliates.

Potential Payments upon Termination or Change in Control

The table below reflects the amount of compensation payable to each named executive officer in the event of termination of the executives employment for various reasons. The table does not include
payments that would be made to a named executive officer under benefit plans or employment terms generally available to other salaried employees similarly situated, such as group life or disability insurance. The amounts shown assume termination of
employment as of December 31, 2012, the last day of our 2012 fiscal year.

If the employment of each of Messrs. Rieder,
Ryan, McClaren and Rizzuti is terminated by us for cause or by the executive without good reason, then we will only be obligated to pay the executives accrued and unpaid base salary through the date of such termination.
If the employment of Messrs. Rieder, Ryan, McClaren and Rizzuti had been terminated on December 31, 2012 by us without cause, by the executive for good reason following a change of control, or as a result of the
executives death or disability, we would have paid the amounts set forth in the table below.

Name

Severance
Payment($)

Health Benefits
($)

Total
($)

Udo Rieder

300,000

14,220

314,220

Charles Ryan

280,000

12,600

292,600

H.E. Mac McClaren

150,000

64

150,064

Gary Zamieroski







Edward Rizzuti

145,744

12,514

158,258

17

In each of Messrs. Rieders, Ryans, McClarens and Rizzutis employment
agreements:

¡

Cause means:

¡

a breach of any material provision of his employment agreement or the proprietary rights, invention assignment, and confidentiality
agreement;

¡

fraud or an act of dishonesty in connection with his employment; gross misconduct or gross negligence;

¡

willful or habitual neglect in the performance of his duties after having received written notice calling his attention to the deficiency and requiring
improvement;

¡

the making of disparaging remarks about us, our products, employees, services, or other business, or otherwise causing any injury to our economic or
ethical welfare;

¡

sexual or any other prohibited form of harassment or discrimination;

¡

violation of any of our material policies, procedures, or guidelines; or

¡

engaging in any of the following forms of misconduct: commission of any felony or misdemeanor involving dishonesty or moral turpitude; theft or misuse
of our property or time; insubordination; appearing on our premises while intoxicated or while under the influence of controlled substances; illegal gambling on our premises; or falsifying any document or making any false or misleading statement
relating to his employment by us.

¡

Good Reason means a material reduction in his duties, level of responsibility, or authority, other than reductions solely attributable to
our becoming a subsidiary or division of another company or isolated incidents that are promptly remedied by us.

¡

A Change of Control occurs upon the completion of any of the following events in a single transaction or in a series of related
transactions:

¡

a merger or consolidation in which we are not the surviving entity, except for a transaction the principal purpose of which is to change the state of
our incorporation or a transaction in which 50% or more of the surviving entitys outstanding voting stock following the transaction is held by holders who held 50% or more of our outstanding voting stock before the transaction;

¡

the sale, transfer, or other disposition of all or substantially all of our assets;

¡

any reverse merger in which we are the surviving entity if, immediately after the merger, 50% or more of our outstanding voting stock is transferred to
holders different from those who held the stock immediately before the merger; or

¡

the acquisition by any person (or entity), directly or indirectly, of 50% or more of the combined voting power of the outstanding shares of our common
stock.

2012 Long-Term Incentive Plan

We maintain our 2012 Long Term Incentive Plan designed to align the interests of our executive officers with the interests of our stockholders. Because vesting is based on continued employment, these
equity based incentives are also intended to encourage the retention of our named executive officers and other employees through the vesting period of the awards.

18

Eligibility; Types of Awards. Selected employees, officers,
and directors of ours and any of our subsidiaries are eligible to participate in the plan. The plan provides for the grant of incentive stock options that qualify under Section 422 of the Internal Revenue Code of 1986 (subject to the
plans stockholder approval), nonqualified stock options, restricted stock, RSUs, stock bonuses and stock appreciation rights. Incentive stock options may be granted only to our employees, including officers, or employees of any of our
subsidiaries. Nonqualified stock options, and all awards other than incentive stock options, may be granted to our employees, officers, and directors. Our board of directors may elect, in its sole discretion, to grant an award in exchange for the
cancellation of an existing award.

Administration. The plan is administered by an independent
committee of our board of directors, which has the authority to determine which eligible individuals should receive awards, the type and amount of the awards, and the other terms and conditions of the awards (including vesting and cancellation
provisions) and has the full authority to interpret the plan. Such independent committee may delegate to our chief executive officer or to a committee of our officers any or all authority for administering the plan, subject to certain limitations.

Term of Plan; Amendments. We expect the plan to be in effect until all shares available for
issuance under the plan are issued and all restrictions on the shares have lapsed. However, no incentive stock options will be granted under the plan on or after the 10th anniversary of the last action by our board of directors, subsequently
approved by our stockholders within twelve months of such action, adopting the plan or approving an increase in the number of shares available for issuance under the plan. Our board of directors may at any time modify or amend the plan in any
respect, subject to applicable laws, rules and regulations, and requirements of NASDAQ Marketplace Rules. However, no change in an award already granted under the plan may generally be made without the written consent of the award holder if the
change would adversely affect the holder.

Stock Options. Our board of directors determines
whether a stock option is granted as an incentive stock option or a nonqualified stock option. The exercise price per share of incentive stock options may not be less than the fair market value of our common stock at the date of the grant, and the
maximum term of incentive stock options is ten years. The aggregate market value, on the date of the grant, of the common stock for which incentive stock options are exercisable for the first time by an employee during any calendar year may not
exceed $100,000. For grantees who own more than 10% of the total combined voting power of our outstanding capital stock or our parent or subsidiaries, incentive stock options must have an exercise price of not less than 110% of the fair market value
of the common stock underlying the option and a maximum term of five years. The exercise price per share of nonqualified stock options may be any amount determined by our board of directors, and nonqualified stock options may have any term fixed by
the board of directors.

Stock Appreciation Rights. The plan provides that our board of
directors may grant stock appreciation rights, which entitle the person who exercises the rights to receive an amount equal to the difference between the fair market value of the common stock subject to the right at the time of exercise and the time
of grant, in the amounts and subject to such terms, conditions, and restrictions as the board of directors determines.

Restricted Stock; Restricted Stock Units; Performance-Based Awards; Stock Bonuses. The plan provides that
our board of directors may issue restricted stock, restricted stock units, performance-based awards or stock bonuses in the amounts and subject to such terms, conditions, and restrictions as the board of directors determines. Restricted stock,
restricted stock units and performance-based awards may be issued for any consideration determined by our board of directors.

Changes in Capital Structure. The plan authorizes our board of directors to make appropriate adjustments in
outstanding options and awards and in shares reserved under the plan in the event of a stock split, recapitalization, or certain other transactions. The board of directors also has discretion to convert options, to limit the exercise period of
outstanding options, and to accelerate the exercisability of options in the event of merger or certain other changes in our capital structure.

19

Retirement Benefits

We do not provide our named executive officers with supplemental or other retirement benefits other than eligibility to participate in our broad-based 401(k) plan.

Outstanding Equity Awards at Fiscal 2012 Year-End

The following table sets forth certain information with respect to the value of all unexercised restricted stock units and other equity awards previously awarded to our named executive officers as of
December 31, 2012:

OUTSTANDING EQUITY AWARDS AT DECEMBER 31, 2012

STOCK AWARDS

Name

Grant Date

Number of Sharesor Units of StockThat Have NotVested

Market Value of Shares or Units of Stock That HaveNot
Vested ($)(1)

Udo Rieder(2)

4/17/2012

22,052

$

185,898

Charles Ryan(3)

4/17/2012

19,457

$

164,022

H.E. Mac McClaren(4)

4/17/2012

7,783

$

65,610

Gary Zamieroski(5)

4/17/2012

19,456

$

164,014

Edward Rizzuti(6)

4/17/2012

9,729

$

82,015

(1)

The aggregate dollar value of the restricted stock units is shown at maximum payout value based on $8.43 per share, the fair market value on December 31, 2012, the
last trading day of our 2012 fiscal year.

(2)

Four-fifths of the RSUs vested on the grant date and one-fifth of the RSUs will vest on the first anniversary of the grant date.

(3)

Three-fifths of the RSUs vested on the grant date and one-fifth of the RSUs will vest on each of the first and second anniversaries of the grant date.

(4)

Three-fifths of the RSUs vested on the grant date and one-fifth of the RSUs will vest on each of the first and second anniversaries of the grant date.

(5)

The RSUs will vest in five equal portions on each of the first, second, third, fourth and fifth anniversaries of the grant date.

(6)

Two-fifths of the RSUs vested on the grant date and one-fifth of the RSUs will vest on each of the first, second and third anniversaries of the grant date.

Compensation of Directors

The following table sets forth information concerning the compensation earned during 2012 year by each individual who served as a non-employee director at any time during the fiscal year:

2012 DIRECTOR COMPENSATION

Name

Fees Earned or Paid in Cash($)

Stock Awards
($)(1)

Total
($)

Kenneth Lau







Quinn Morgan







Hank Halter

40,000

9,728

49,728

Gary R. Scott

35,000

9,728

44,728

Meredith R. Siegfried

35,000

9,728

44,728

James L. Welch

40,000

9,728

49,728

(1)

Based on a closing price of EACs common stock of $8.43 on the Nasdaq Capital Market on December 31, 2012.

20

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Other than compensation agreements and other arrangements which are described under Executive Compensation and the
transactions described below, since January 1, 2012. If, there has not been, and there is not currently proposed, any transaction or series of similar transactions to which we were or will be a party in which the amount involved exceeded or
will exceed $120,000 and in which any of our directors, executive officers, holders of more than 5% of any class of our voting securities or any member of the immediate family of the foregoing persons had or will have a direct or indirect material
interest. We believe that we have executed all of the transactions set forth below on terms no less favorable to us than we could have obtained from unaffiliated third parties.

ZM Private Equity Fund I, L.P., ZM Private Equity Fund II, L.P., and ZM EAC LLC, which we refer to collectively as the ZM Funds,
beneficially owned approximately 60.2% of our outstanding common stock as of March 31, 2013. Two of our directors, Quinn Morgan and Kenneth Lau, are also managers of the ZM Funds.

Registration Rights

We are party to an amended and restated registration
rights agreement among us and the ZM Funds, which provides that ZM EAC LLC will have the right to demand that we register its shares for sale to the public. ZM EAC LLC has the right to require that we register its shares under the Securities Act for
sale to the public. If ZM EAC LLC exercises its demand registration right, ZM Private Equity Fund I, L.P. and ZM Private Equity Fund II, L.P. will have the opportunity to include their shares in the registration. We must pay all expenses, except for
underwriters discounts and commissions, incurred in connection with the exercise of these demand registration rights.

In addition, the ZM Funds have piggyback registration rights, which means that they have the right to include their shares in any
registration that we effect under the Securities Act, other than a registration effected pursuant to an exercise of demand registration rights, subject to specified exceptions. We must pay all expenses, except for underwriters discounts and
commissions, incurred in connection with these piggyback registration rights.

We are unable to estimate the dollar value of
registration rights to the holders of these rights. The amount of reimbursable expenses under the registration rights agreement depends on a number of variables, including whether registration rights are exercised incident to a primary offering by
us, the form on which we are eligible to register such a transaction, and whether we have a shelf registration in place at the time of a future offering.

Subordinated Notes

On June 30, 2010, we issued unsecured
subordinated promissory notes with an aggregate principal amount of $8.5 million to ZM Private Equity Fund II, L.P. and certain of its affiliates at an initial interest rate of 20.0% per annum. No periodic principal or interest
payments are required and the promissory notes mature on June 30, 2015. Interest payments are accrued to principal on a quarterly basis. The promissory notes can be prepaid at any time prior to maturity, at our option, at the original principal
amount plus accrued interest without any prepayment penalties, subject to limitations under the agreement. In connection with our initial public offering in April of 2012, the interest rate on the subordinated promissory notes was amended from
20.0% per annum to 10.0% per annum.

On June 30, 2011, in connection with an amendment to our credit agreement,
we issued an additional $10.0 million of unsecured subordinated promissory notes to ZM Private Equity Fund I, L.P. and ZM Private Equity Fund II, L.P. at an initial interest rate of 20.0% per annum. No periodic principal or interest
payments are required and the notes mature on June 30, 2016. Additionally, we issued $1.0 million in unsecured subordinated promissory notes to ZM Private Equity Funds I and II. In connection with our initial public offering in April of
2012, the interest rate on the subordinated promissory notes was amended from 20.0% per annum to 10.0% per annum.

21

Evergreen Helicopters, Inc. Acquisition

In June 2011, Evergreen Helicopters, Inc., or EHI, a subsidiary of Evergreen International Aviation, Inc., or EIA, entered into an
amended and restated second lien credit agreement and certain related agreements, which we refer to collectively as the EIA Second Lien Credit Facility, with Wilmington Trust FSB and certain lenders listed therein, including two of the ZM Funds and
certain of their affiliates. The EIA Second Lien Credit Facility provides a loan facility of up to $100.0 million, with loans bearing interest at an annual rate of 11.0% plus the greater of (a) the Prime Rate and (b) the federal funds
effective rate and plus 0.5%; provided however, in no event shall the rate be lower than 5.0%, or for Eurodollar borrowing 12.0% plus LIBOR (with a 3.0% floor) plus statutory reserves, and loans being entitled to certain annual payments in kind. The
EIA Second Lien Credit Facility is secured by a second lien security interest in substantially all of EIAs and EHIs assets, certain guarantees and other collateral. The loans under the EIA Second Lien Credit Facility mature on
September 30, 2015. The EIA Second Lien Credit Facility provides that certain assets sales by EIA, including our acquisition of EHI, would require that all loans be repaid in full and loan availability be permanently reduced to zero. As of
December 31, 2012, the aggregate principal amount of the outstanding obligations under the EIA Second Lien Credit Facility was approximately $119.2 million, and accrued and unpaid interest was approximately $1.5 million with two of the ZM
Funds and certain of their affiliates collectively holding approximately 50.04% of this amount. From the commencement of the Second Lien Credit Facility until December 31, 2012, two of the ZM Funds and certain of their affiliates have received
an aggregate of $31.9 million in principal, interest, and fees under the EIA Second Lien Credit Facility. In addition, two of the ZM Funds and certain of their affiliates were also lenders under EIAs first lien credit facility. As of
December 31, 2012, two of the ZM Funds and their affiliates were no longer lenders under EIAs first lien credit facility. From commencement of EIAs first lien credit facility until December 31, 2012, two of the ZM Funds and
certain of their affiliates received an aggregate of $1.2 million in principal, interest and fees under EIAs first lien credit facility.

In connection with our acquisition of EHI, we have entered into a stock purchase agreement, or the Second Lien SPA, with all of EIAs second lien lenders, including two of the ZM Funds and their
affiliates, pursuant to which we would issue 3,375,527 shares of our preferred stock to EIAs second lien lenders. To facilitate our acquisition of EHI, the second lien lenders, including two of the ZM Funds and certain of their affiliates,
have executed certain waivers and consents pursuant to the Second Lien Credit Facility.

In connection with our acquisition of
EHI, two of the ZM Funds and their affiliates will receive 1,689,155 shares of our preferred stock as repayment of $20.0 million of principal of their pro rata share of the EIA Second Lien Credit Facility. In addition, two of the ZM Funds and
certain of their affiliates will forgive $2.5 million of their pro rata share of the EIA Second Lien Credit Facility in connection with the EHI acquisition and will retain approximately $37.9 million in the EIA Second Lien Credit Facility. In
addition, we are also issuing 632,911 shares of our preferred stock to EIAs first lien lenders in connection with our acquisition of EHI and certain of those first lien lenders have agreed to sell their shares to certain of the EIA second lien
lenders, including two of the ZM Funds and certain of their affiliates. A total of 1,984,680 shares of our preferred stock would be issued to two of the ZM Funds and their affiliates (including shares that two of the ZM Funds and certain of their
affiliates have agreed to purchase from the EIA first lien lenders). On a pro forma basis for all of those transactions and assuming conversion of the preferred stock into common stock, the ZM Funds and certain of their affiliates would beneficially
own approximately 56.8% of our outstanding common stock.

2015 Notes and 2016 Notes

Two of the ZM Funds and their affiliates hold 100.0% of our 2015 notes and 2016 notes, which as of December 31, 2012 had a principal
balance of $26.7 million. On June 30, 2010, we issued the 2015 notes with an aggregate principal amount of $8.5 million to ZM Private Equity Fund II, L.P. and certain of its affiliates with an interest rate of 20.0% per annum. No periodic
principal or interest payments are required and the 2015 notes mature on June 30, 2015. Interest payments are accrued to principal on a quarterly basis. The 2015 notes can be prepaid at any time prior to maturity, at our option, at the original
principal amount plus accrued interest without

22

any prepayment penalties, subject to certain limitations. On June 30, 2011, we issued $11.0 million of 2016 notes to ZM Private Equity Fund I, L.P. and ZM Private Equity Fund II, L.P. in
connection with an amendment to our existing credit agreement, which mature on June 30, 2016. The 2016 notes have identical economic terms as the 2015 notes. Upon completion of our initial public offering in April of 2012, the interest rate on
each of the 2015 notes and 2016 notes was adjusted from 20.0% per annum to 10.0% per annum. In connection with the transactions contemplated by the EHI acquisition all of the 2015 notes and 2016 notes will be repaid in full to two of the
ZM Funds and their affiliates.

Transaction Fee

In connection with the EHI acquisition, 10th Lane Partners, LLC, an entity controlled by Q&U Investments, LLC and affiliated with Quinn Morgan, one of our directors, will be entitled to receive a fee
of $2.5 million from us in consideration for services rendered to us by 10th Lane Partners, LLC, its affiliates and employees.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information known to us regarding the beneficial ownership of our common stock as of March 31, 2013
by (1) each stockholder who is known by us to beneficially own more than 5% of our common stock, (2) each of our directors and director-nominee(s), (3) each of our executive officers named in the Summary Compensation Table above, and
(4) all of our directors and executive officers as a group.

Beneficial Owner(1)

Number of SharesBeneficiallyOwned(2)

Percent(3)

5% Stockholders:

ZM EAC LLC

4,900,125

(4)

50.4

%

ZM Private Equity Fund I, L.P.

666,991

(4)

6.9

%

ZM Private Equity Fund II, L.P.

285,854

(4)

2.9

%

Named Executive Officers and Directors:

Udo Rieder

70,167

(5)

*

Charles Ryan

25,648

(6)

*

H.E. Mac McClaren

10,258

(7)

*

Gary Zamieroski

3,891

(8)

*

Edward Rizzuti

6,779

(9)

*

Quinn Morgan(4)

5,852,970

(10)

60.2

%

Kenneth Lau(11)



*

Hank Halter

405

*

Gary R. Scott

405

*

Meredith R. Siegfried

405

*

James L. Welch

405

*

All executive officers and directors as a group (11 persons)

5,971,333

61.1

%

*Represents

beneficial ownership of less than 1% of our outstanding common stock.

(1)

Except as otherwise indicated, the persons named in this table have sole voting and investment power with respect to all shares of common stock shown as beneficially
owned by them, subject to community property laws where applicable and to the information contained in the footnotes to this table.

(2)

Under SEC rules, a person is deemed to be the beneficial owner of shares that can be acquired by such person within 60 days upon the exercise of options or the
settlement of other equity awards.

23

(3)

Calculated on the basis of 9,726,785 shares of common stock outstanding as of March 31, 2013, plus any additional shares of common stock that a stockholder has the
right to acquire within 60 days after March 31, 2013.

(4)

Mr. Morgan serves on our board of directors and is the managing member of ZM EAC LLC and Q&U Investments LLC. Q&U Investments LLC is the
managing member of ZM Private Equity Fund I GP, LLC, which is the general partner of ZM Private Equity Fund I, L.P. Q&U Investments LLC is also the managing member of ZM Private Equity
Fund II GP, LLC, which is the general partner of ZM Private Equity Fund II, L.P. Accordingly, Mr. Morgan may be deemed to have sole voting and investment power with respect to the shares held by ZM EAC LLC, ZM
Private Equity Fund I, L.P., and ZM Private Equity Fund II, L.P. Mr. Morgan disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. The address of each of the parties is
60 East 42nd Street, Suite 1400, New York, NY 10165.

(5)

Includes 22,052 shares of our common stock issuable upon settlement of RSUs held by Mr. Rieder that may be settled within 60 days of March 31, 2013.

(6)

Includes 9,728 shares of our common stock issuable upon settlement of RSUs held by Mr. Ryan that may be settled within 60 days of March 31, 2013.

(7)

Includes 3,891 shares of our common stock issuable upon settlement of RSUs held by Mr. McClaren that may be settled within 60 days of March 31, 2013.

(8)

Includes 3,891 shares of our common stock issuable upon settlement of RSUs held by Mr. Zamieroski that may be settled within 60 days of March 31, 2013.

(9)

Includes 3,242 shares of our common stock issuable upon settlement of RSUs held by Mr. Rizzuti that may be settled within 60 days of March 31, 2013.

Mr. Lau serves on our board of directors and is a member of ZM Private Equity Fund I GP, LLC, which is the general partner of ZM Private Equity
Fund I, L.P., and he is a member of ZM Private Equity Fund II GP, LLC, which is the general partner of ZM Private Equity Fund II, L.P. Mr. Lau disclaims beneficial ownership of such shares, except to the extent of his
pecuniary interest therein. The address of each of the parties is 60 East 42nd Street, Suite 1400, New York, NY 10165.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our executive officers and directors and persons who
beneficially own more than 10% of our common stock to file initial reports of beneficial ownership and reports of changes in beneficial ownership with the SEC. Such persons are required by SEC regulations to furnish us with copies of all
Section 16(a) forms filed by such persons.

Based solely on our review of such forms furnished to us, and written
representations from certain reporting persons, we believe that all filing requirements applicable to our executive officers, directors and greater than 10% stockholders during the fiscal year ended December 31, 2012 were satisfied, except that
each of Messrs. Rieder, Ryan, McClaren, Zamieroski and Rizzuti filed one late report with respect to one transaction.

24

STOCKHOLDER PROPOSALS OR NOMINATIONS

TO BE PRESENTED AT NEXT ANNUAL MEETING

Pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended (the Exchange Act), some stockholder proposals may be eligible for inclusion in our proxy statement for the 2014
annual meeting. These stockholder proposals must be submitted, along with proof of ownership of our stock in accordance with Rule 14a-8(b)(2), to the Corporate Secretary at our principal executive offices no later than the close of business on
December 27, 2013. Failure to deliver a proposal in accordance with these procedures may result in it not being deemed timely received.

Submitting a stockholder proposal does not guarantee that we will include it in our proxy statement. Our board of directors reviews all stockholder proposals. For information on qualifications of director
nominees considered by our board of directors, see the Corporate Governance section of this proxy statement.

In addition, our bylaws provide that any stockholder intending to nominate a candidate for election to the board or to propose any
business at our 2014 annual meeting, other than non-binding proposals presented pursuant to Rule 14a-8 under the Exchange Act, must give notice to the Corporate Secretary at our principal executive offices, not earlier than the close of business on
the 120th day nor later than the close of business on the 90th day prior to the first anniversary of the date of the preceding years annual meeting as first specified in the notice of meeting (without regard to any postponements or
adjournments of such meeting after the notice was first given). Accordingly, any such stockholder proposal must be received between the close of business on Wednesday, February 5, 2014 and the close of business on Friday, March 7, 2014.

The notice must include the information specified in our bylaws, including information concerning the
nominee or proposal, as the case may be, and information concerning the proposing or nominating stockholders ownership of and agreements related to our stock. If the 2014 annual meeting is held more than 30 days before or after the first
anniversary of the date of the 2013 annual meeting, the stockholder must submit notice of any such nomination and of any such proposal that is not made pursuant to Rule 14a-8 by the later of the 90th day prior to the 2014 annual meeting or the 10th day following the date on which public announcement of the date of
such meeting is first made. We will not entertain any proposals or nominations at the meeting that do not meet the requirements set forth in our bylaws. If the stockholder does not also comply with the requirements of Rule 14a-4(c)(2) under the
Exchange Act, we may exercise discretionary voting under proxies that we solicit to vote in accordance with our best judgment on any stockholder proposal or nomination. To make a submission or request a copy of our bylaws, stockholders should
contact our Secretary. We strongly encourage stockholders to seek advice from knowledgeable counsel before submitting a proposal or a nomination.

TRANSACTION OF OTHER BUSINESS

At the date of this Proxy Statement, the
board of directors knows of no other business that will be conducted at the 2013 annual meeting other than as described in this proxy statement. If any other matter or matters are properly brought before the meeting or any adjournment or
postponement of the meeting, it is the intention of the persons named in the accompanying proxy to vote the proxy on such matters in accordance with their best judgment.

STOCKHOLDERS SHARING THE SAME LAST NAME AND ADDRESS

To reduce the expense
of delivering duplicate proxy materials to stockholders who may have more than one account holding EAC stock but sharing the same address, we have adopted a procedure approved by the SEC called householding. Under this procedure, certain
stockholders of record who have the same address and last name will receive only one copy of our proxy materials and, as applicable, any additional proxy materials that are delivered until such time as one or more of these stockholders notifies us
that they want to receive separate copies. This procedure reduces duplicate mailings and saves printing costs and postage fees, as well as natural resources. Stockholders who participate in householding will continue to have access to and utilize
separate proxy voting instructions.

25

If you receive a single set of proxy materials as a result of householding, and you would
like to have separate copies of our annual report or proxy statement mailed to you, please submit a request to our Corporate Secretary, or call our Investor Relations department at (503) 505-5812, and we will promptly send you what you have
requested. You can also contact our Investor Relations department at the phone number above if you received multiple copies of the annual meeting materials and would prefer to receive a single copy in the future, or if you would like to opt out of
householding for future mailings.

By order of the Board of Directors

/s/ Edward Rizzuti

Edward Rizzuti

Corporate Secretary

April 30, 2013

26

ERICKSON AIR-CRANE INCORPORATED

IMPORTANT ANNUAL MEETING INFORMATION

Using a black ink pen, mark your votes with an X as shown
in

this example. Please do not write outside the designated areas.

x

Electronic Voting Instructions

Available 24 hours a day, 7 days a
week!

Instead of mailing your proxy, you may choose one of
the voting methods outlined below to vote your proxy.

VALIDATION DETAILS ARE LOCATED BELOW IN THE TITLE
BAR.

Proxies submitted by the Internet or telephone must
be received by 1:00 a.m., Pacific Standard Time, on June 6, 2013.

q IF YOU HAVE
NOT VOTED VIA THE INTERNET OR TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE. q

A

Proposals  The Companys board of directors recommends voting FOR each of the following proposals:

1.

To elect two Class I directors to hold office until the 2016 annual meeting of stockholders and until their respective successors are elected and qualified:

+

For

Withhold

For

Withhold

01 - Udo Rieder

¨

¨

02 - Gary R. Scott

¨

¨

For

Against

Abstain

2.

To ratify the selection of Grant Thornton LLP as the

independent registered public accounting firm for the

Company for the fiscal year ending December 31, 2013.

¨

¨

¨

B

Non-Voting Items

Change of Address  Please print new address below.

Meeting Attendance

Mark box to the right if you plan to attend the Annual Meeting.

¨

C

Authorized Signatures  This section must be completed for your vote to be counted.  Date and Sign Below

Please sign here. If shares of stock are held jointly, both or all of such persons should sign. Corporate or
partnership proxies should be signed in full corporate or partnership name by an authorized person. Persons signing in a fiduciary capacity should indicate their full titles in such capacity.

Date (mm/dd/yyyy)  Please print date
below.

Signature 1  Please keep
signature within the box.

Signature 2  Please keep
signature within the box.

//

n
1 U P X

01N54D

+

Important notice regarding the Internet availability of proxy materials for the
Annual Meeting of Stockholders. The Proxy Statement and the 2012 Annual Report to Stockholders are available at: http://www.investorvote.com/EAC.

q IF YOU HAVE NOT VOTED VIA THE INTERNET OR
TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE. q

Proxy  ERICKSON AIR-CRANE INCORPORATED

Proxy for the Annual Meeting of
Shareholders

To be held on June 6, 2013

Solicited by the Board of Directors

The undersigned hereby appoints Udo Rieder and Edward Rizzuti, and each of them, with full power of substitution, to represent the undersigned and to vote all of the shares of stock in Erickson Air-Crane
Incorporated, a Delaware corporation (the Company), which the undersigned is entitled to vote at the Annual Meeting of Shareholders of the Company to be held at the University Club of Portland, located at 1225 Southwest 6th Avenue,
Portland, Oregon on Thursday, June 6, 2013, at 2:00 p.m. local time, and at any adjournment or postponement thereof (1) as hereinafter specified upon the proposals listed on the reverse side and as more particularly described in the Proxy
Statement of the Company dated April 30, 2013 (the Proxy Statement), receipt of which is hereby acknowledged, and (2) in their discretion upon such other matters as may properly come before the meeting.

THE SHARES REPRESENTED HEREBY SHALL BE VOTED AS SPECIFIED. IF NO SPECIFICATION IS
MADE, SUCH SHARES SHALL BE VOTED FOR PROPOSALS 1 AND 2.

WHETHER OR
NOT YOU PLAN TO ATTEND THE MEETING IN PERSON, YOU ARE URGED TO SIGN AND PROMPTLY MAIL THIS PROXY IN THE RETURN ENVELOPE SO THAT YOUR STOCK MAY BE REPRESENTED AT THE MEETING.